Premier Outlets Center opens Ft 2.5 bln second phase

bbj.hu

Thursday, August 3, 2006, 15:25

The Premier Outlets Center in Biatorbágy, just outside Budapest, inaugurated the second, Ft 2.5 billion phase of its development on Thursday.

The center, which sells brand-name products at 30%-70% off their normal retail price, opened a new 4,800 square meter space that will house 27 more shops, CEO Miklós Szebenyi said. Already, 20 shops are operating in the addition and a further seven are expected to open in August and September. The new space brings the total retail area of the center to 17,000 square meters and the number of tenants to 76. Premier Outlets Center opened its first, €25 million retail space in November 2004. The center is a 50%-50% joint venture between Raiffeisen Real Estate Zrt, the property arm of Raiffeisen Bank Zrt, and UK real estate developer Miller Developments.

Related articles

While the CEE market is a late adapter of zero carbon technologies, it presents opportunities for market expansion via innovative, cost-effective technologies, offering positive public health, quality of life, economic prosperity, and climate outcomes, says a report by the Prince of Walesʼs Corporate Leaders Group (CLG).

The Central European University (CEU), while welcoming a Bavarian offer of financial and technical support for a long-term partnership with the Technical University of Munich (TUM), says that it needs legal guarantees from the Hungarian government if the solution is to work.

E-tail company Extreme Digital is set to merge with eMAGʼs Hungarian subsidiary to form one of the largest players on the CEE e-commerce market, according to an announcement by Extreme Digital at a press conference attended by the Budapest Business Journal on Thursday.

Startup Safari, the annual festival introducing the world of startups in a real working environment with the proactive involvement of the audience, returns to Budapest on April 17-19 this year, and the Budapest Business Journal is offering no less than 30 free tickets for the event.

The management board of the International Investment Bank (IIB), which recently announced it will move its headquarters from Moscow to Budapest later this year, has released a statement denying what it says are “unfounded” media accusations of close ties to the Russian secret service and the Russian state itself.

Wabererʼs International Nyrt. reported an after-tax loss of EUR 20.9 million in 2018, compared to after-tax profit of EUR 18.4 mln in 2017. In an earnings report issued late Tuesday, the new CEO outlined steps to reduce loss-making and make cost cuts.

The Government Debt Management Agency (ÁKK) sold HUF 40 billion of bonds maturing in 2026 and 2028 at a switch auction on Wednesday, accepting bonds expiring in 2020 as payment, state news wire MTI reported.

Hungaryʼs governing populist party Fidesz has been suspended by the center-right European Peopleʼs Party (EPP), the biggest political grouping in the European Parliament, after a vote triggered by what many member parties see as Fideszʼs defiance of EU policies and EPP values, according to breaking reports Wednesday evening.